SYDNEY: Fleetwood Limited announced Thursday it has agreed to sell its RV Solutions division, which includes the Camec business, to Aussie Traveller Pty Ltd for $9.5 million in a cash-free, debt-free transaction.
The binding asset sale agreement is part of the company’s strategy to streamline operations and focus on its core Community Solutions and Building Solutions divisions.
Fleetwood expects to receive approximately $7.8 million in net cash during fiscal year 2027, with an additional $3.3 million anticipated in future years following finalization of tax returns. The company said it will recognize total restructuring costs between $10 million and $12 million across fiscal years 2026 and 2027 related to the divestment.
The transaction is scheduled for completion on Sept. 1, 2026. RV Solutions will continue normal operations through July and August, with the division expected to break even during that period.
“The exit of RV Solutions is an important step in Fleetwood’s strategy to optimise its portfolio and to focus capital and management attention on its core businesses,” Chief Executive Officer Andrea Pidcock said in a statement. “Aussie Traveller is a respected business in the caravan and recreational vehicle industry and is well positioned to continue supporting Camec’s customers and suppliers.”
Fleetwood confirmed its dividend policy remains unchanged, with the board committed to distributing 100% of net profit after tax and returning surplus capital to shareholders. The board said it will assess dividends and other capital management initiatives after fiscal year 2026 accounts are finalized, considering reported net profit, available cash and capital requirements.
Fleetwood Limited trades on the Australian Securities Exchange under the symbol FWD.
